
The VA streamline program is also known as the VA IRRRL program - which stands for Interest Rate Reduction Refinancing Loan. Learn more about the VA streamline and other VA loan options from the nation's #1 VA purchase lender, VA Mortgage Center.com now!
Interested in a Loan Modification for your VA loan? Learn more about VA loan modification and what it takes to get help.
VA IRRRL Mortgage Refinance Program
Do you have a VA home loan in California and are searching for more information about the VA IRRRL refinancing program? You have found the right site! We have organized all kinds of information about the VA IRRRL program so that you can find out if you can save money each month on your mortgage by participating in the VA IRRRL program. If you would prefer to speak with someone who is an expert in California VA IRRRL program, you can always call our toll free number and be connected with a loan officer who can answer any questions you may have.
VA IRRRL Program Overview
California VA IRRRL Program: Qualification Criteria
The first criteria for qualifying for the VA IRRRL program is that the new interest rate on the proposed loan must be lower than the interest rate you have on your current VA loan. Second, just like you must get a lower interest rate, you must also pay less in overall principal and interest. Finally, you can't have any late payments on your mortgage in the last 12 months and must also be current on your mortgage payment.
Call Now To Qualify For The VA IRRRL Program! 888-448-2669
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$0 Down
VA loans allow you to finance 100% of the home's value and purchase with $0 down. FHA programs require 3.5% down and other programs require as much as 20% down.
Lower Monthly Payments
VA loans don't require mortgage insurance which saves you money each month. You will also get generally lower rates with a VA Loan.
Easier to Qualify
As many as 80% of veterans and active-duty military members could not have qualified for a conventional loan.
Fixed Rates
Most Veterans choose going with a 30 year fixed rate so they know that their rate won't adjust to the point where they can no longer afford their home.